View: GST and budget proposals

Goods and Services Tax (GST) which is such an important component of the indirect tax regime barely finds mention in the Budget 2022-23 speech of the Minister of Finance. This is a reflection of the changed landscape post-2017. There were no proposals obviously on the GST rates. But there were changes proposed in the GST statutes — seventeen in the CGST Act and one each in IGST and UTGST. All thes…